Are you a real estate investor in need of financing for your investment properties but tired of the cumbersome process of providing income documents and being qualified with personal income? Then Blink Knows Investor DSCR Loans may be the solution for you.
A debt service coverage ratio (DSCR) loan qualifies borrowers based on their investment property’s cash flow rather than their personal income. This type of loan is frequently used by real estate investors to buy investment properties while avoiding the strenuous process of providing income and employment documents.
The DSCR loan is based on a simple but important ratio: the debt service coverage ratio. This ratio represents the investment’s net operating income (rental income received) divided by its total debt service, which includes principal, interest, property taxes, homeowners insurance, and possible HOA fees.
If the ratio is greater than 1.25, the loan terms improve, allowing for better financing. For example, let’s say your net operating income is $2,500 and your debt service is $1,900; your DSCR would be 1.32%, which is good for lending terms.
One of the key features of Blink Knows Investor DSCR Loans is that they allow for the title to be held in an LLC, S-corp, C-corp, or trust. With no limit on the number of financed properties, investors can expand their real estate portfolio without the constraints of traditional personal qualification requirements.
Blink Knows Investor DSCR Loans welcome experienced and novice investors, with no restrictions on foreign national investment. The loan terms are available for both single-family and multi-family investments, including condos, 2-4 units, and townhomes.
The loan terms for the Blink Knows Investor DSCR Loans are flexible, with 30-year and 40-year fixed loans available, including interest-only options. Underwriting is completed in-house, with no tax returns, W-2s, or paystubs required. Short-term and long-term rental properties are welcomed, providing the opportunity for investors to generate positive cash flow while building their real estate investment portfolio.
For individuals interested in purchasing an investment property, Blink Knows Investor DSCR Loans are available for purchase, R/T refinancing, or cash-out refinancing. The loan-to-value (LTV) ratio for purchases and R/T refinancing is 80% (minimum FICO is 700), while the LTV ratio for cash-out refinancing is 75% (minimum FICO is 700).
In conclusion, the Blink Knows Investor DSCR Loans are an excellent option for real estate investors looking to expand their portfolio without being hindered by the constraints of traditional personal qualification requirements. With no limit on the number of financed properties and the flexibility of the loan terms, real estate investors of all experience levels can benefit from this loan. Consider Blink Knows Investor DSCR Loans for your next investment property loan application.
